PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423745
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423745
According to Stratistics MRC, the Global Hand-held X-rays Market is accounted for $820 million in 2023 and is expected to reach $1917.7 million by 2030 growing at a CAGR of 12.9% during the forecast period. Hand-held X-rays refer to portable X-ray devices that can be held by hand and used for diagnostic imaging purposes. These devices are designed to be compact and lightweight, allowing healthcare professionals to easily carry and use them in various settings, such as clinics, emergency rooms, or bedside examinations. These devices offer flexibility in capturing X-ray images at the point of care, allowing for quicker diagnosis and treatment decisions.
According to the WHO estimates, globally around 2 billion people suffer from dental caries, while 514 million children suffer from caries of primary teeth.
Portability and mobility
Hand-held X-ray devices offer the advantages of portability and mobility. They are compact and lightweight, allowing healthcare professionals to easily carry and use them in various settings, such as hospitals, clinics, emergency rooms, and field locations. This portability enables healthcare professionals to bring the imaging technology directly to the patient, eliminating the need to move the patient to a dedicated radiology department or imaging suite. These factors boost market demand.
Limited imaging capabilities
Limited imaging capabilities pose a significant restraint in the hand-held X-ray market. The restricted field of view and lower resolution may limit their applicability in situations where comprehensive and detailed imaging is crucial, especially in complex medical diagnoses or specific anatomical regions. As a result, this limitation could impact their adoption in certain medical specialties, reducing their versatility and overall market appeal.
Technological advancements
Continuous innovations in miniaturization, imaging sensors, and wireless communication have significantly enhanced the performance and capabilities of hand-held X-ray devices. These advancements result in improved image quality, diagnostic accuracy, and overall efficiency, making these portable devices increasingly attractive to healthcare providers. Additionally, wireless connectivity facilitates seamless data transfer and real-time collaboration, enabling healthcare professionals to quickly analyze results and make timely decisions at the point of care.
Emerging alternative technologies
Advancements in other portable imaging modalities, such as handheld ultrasound devices or compact MRI machines, pose a threat to the market share of hand-held X-ray devices. These alternative technologies offer different imaging capabilities and may be perceived as more versatile or safer, diverting attention and investments away from hand-held X-rays. As a result, the competition from emerging alternatives underscores the importance of hand-held X-rays, which limits market expansion.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the hand-held X-ray market. The need for portable diagnostic solutions became more pronounced as healthcare systems faced unprecedented challenges in managing and diagnosing the virus. The pandemic accelerated the adoption of these portable devices due to their flexibility in use across diverse healthcare settings, including makeshift facilities and isolation units.
The digital X-ray segment is expected to be the largest during the forecast period
The digital X-ray segment is estimated to hold the largest share. Digital hand-held X-ray devices use electronic sensors to capture X-ray images, eliminating the need for traditional film and chemical processing. This technology allows for immediate image acquisition and provides a digital output that can be stored, shared, and analyzed electronically. Moreover, the digital nature of these devices enables higher image resolution and the ability to enhance and manipulate images for better diagnostic accuracy.
The orthopaedic segment is expected to have the highest CAGR during the forecast period
The orthopaedic segment is anticipated to have lucrative growth during the forecast period. Hand-held X-ray devices are particularly valuable in orthopedic settings, offering portability and immediate imaging for on-the-spot assessments of fractures, joint abnormalities, and orthopedic injuries. Orthopedic surgeons and healthcare professionals benefit from the convenience and flexibility of hand-held X-rays in orthopedic clinics, emergency departments, and operating rooms.
North America commanded the largest market share during the extrapolated period due to the presence of advanced healthcare infrastructure and the widespread use of technologically advanced medical devices. Factors such as the increasing prevalence of chronic diseases, growing demand for portable devices, a rising geriatric population, and point-of-care diagnostic devices are driving market growth in this region. Furthermore, favourable reimbursement policies and increasing investments in research and development activities contribute to the growth of the hand held X-rays market in North America.
Asia Pacific is expected to witness profitable growth over the projection period, owing to rapid urbanization and advancements in healthcare infrastructure. The increasing prevalence of chronic diseases, coupled with a rising geriatric population, has intensified the demand for efficient and portable diagnostic solutions. Moreover, rising healthcare investments, coupled with supportive government initiatives for improving medical infrastructure, contribute to the region's growing prominence in the hand-held X-ray market.
Key players in the market
Some of the key players in the Hand-held X-rays Market include Carestream Dental LLC, MinXray, Dental Imaging Technologies Corporation, Genoray, Digital Doc LLC., REMEDI Co., Ltd, MaxRayCocoon.com, GE Healthcare and Evident.
In September 2023, GE HealthCare and Mayo Clinic announce a strategic healthcare collaboration for research and product development programs aimed to transform the experience of patients and clinicians in the practice of radiology and the delivery of novel therapies.
In July 2022, Carestream Dental, have signed the partnership deal with Dental Whale to provide a seamless integration with My Dental Whale® Platform-connecting their members to an online ecosystem delivering end-to-end digital practice solutions.